As a small business owner, one of the biggest challenges you may face is determining when it’s time to raise your prices. Maintaining loyal customers and earning a profit can be a delicate balance. However, there are times when raising your prices is necessary to keep your business viable. A winning price strategy includes knowing… Read more »
Maine offers businesses year-round opportunities to display their products to potential customers. The state has 24 agriculture fairs, 70 festivals, 115 summer farmers markets, and 35 fall/winter markets. Participating in fairs, festivals, and farmers’ markets can be an excellent way for businesses to promote their products and increase sales. However, it’s essential to prepare your… Read more »
Maine’s outdoor industry is a vital and thriving state economy component. With its rugged coastlines, dense forests, and stunning mountain ranges, Maine is one of the top five states in the country for the outdoor recreation industry. In 2022 alone, Maine attracted over 15 million visitors, adding around eight billion dollars in revenue to the… Read more »
By: Maine SBDC Intern Ryan McNally From banking to social media, mobile apps have become a part of our daily routine. Some businesses only exist as apps, like Uber, and other businesses develop apps to enhance their existing services, like clothing stores. For small businesses, developing a mobile app may seem intimidating and costly, but… Read more »
February 28, 2023 Today the Maine Small Business Development Centers (Maine SBDC) announces the release of its annual report for 2022. The report showcases the achievements and impact of Maine SBDC’s efforts in supporting entrepreneurs and small businesses through business advising, training and resources. The report also highlights individual entrepreneurs, illustrating the transformative effect that… Read more »
Some of the best parts of networking are meeting people from all backgrounds, building your business, finding new clients, and getting your name out there, but it can also be an uncomfortable experience. If you’re an introvert, networking may be one of your least favorite activities. So here are some tips and tricks to make… Read more »
Did you know that establishing your brand identity is crucial to your marketing strategy and helps you better articulate your brand image? After all, the brand’s personality and originality are what people remember about your company and how your customers recognize and experience your business.
If you’re planning to start a business or already have an existing one, you may have considered whether wholesale is the right approach for your business. There are various factors to consider, so we’ve highlighted some major points to ensure you have the right tools to get started!
Maine SBDC Center Director & Business Advisor Raynor Large provides an overview of 2022, a year where we began to catch glimpses of “normal” and began to lean into the changes the pandemic has brought into our everyday lives. He also outlines the essential areas of business ownership that remain unchanged. A look back at… Read more »
The second of a two-part series on how to start a successful business (or not)… In our first article in this series, we asked you questions to determine if you’re ready to be a business owner. If you think it’s a good fit, then it’s time to think through your idea to make sure it… Read more »
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